Tuesday 30 June 2015

Headlines ------ 1st July -2015


MARKET MOVEMENT               
27750 is a crucial point both way although sentiment good ?---- Worst seems to be over and now the markets have absorbed the sentimental effect of Greece crises. Still, caution is a must as any new development may once again pull back the markets on down side.
Index will again touch 30000 before the end of this year but no one know whether it will return from25000 or any other level but 25000 is the lowest!
 Markets may open flat/positive for today and mayremain good so long the level of 27750 is intact. Below this also, no major risk is seen till any new negative trigger comes. Over this level, we are ready for 28000 once again.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select FMCG stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8350 for the target of 8430 and above. Sell below 8350 for the target of 8290 and below
PHARMA stocks may provide better opportunity for day traders on both side
Avoid REAL ESTATE stocks for today
 
SAFE STOCK---BHEL
BHEL is ruling around the level of 247 and look to be good for the target of 260  in any case in medium term

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